Susaktha Chits Private Limited
About Susaktha Chits Private Limited
Data last updated:
Susaktha Chits Private Limited is a private limited company based in Thrissur, Kerala, India. It operates in the microfinance institutions segment of the financial services sector. It was incorporated on 07 July 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U65992KL1981PTC003362. Its GSTIN is 32AADCS2645F1ZP (Kerala).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.15 Lakh. It was formerly known as Susaktha Finances and Chits Pvt Ltd. It is led by directors including Mattathil Velayudhan Satheesan (Managing Director) and Kuruthicode Pangelan Radhakrishnan.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at V/40 National Highway Pudukad, Thrissur, Kerala, India – 680301.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.08 Lakh, a decline of 74% compared to the previous year. For the same year it recorded a net loss of ₹4.84 Lakh (net margin -232.6%) and EBITDA of -₹4.77 Lakh (EBITDA margin -229%). Revenue has declined at a compounded annual rate (CAGR) of 48% over three years and 36% over five years.
As per MCA filings, the company has open charges of ₹1.75 Lakh on record. Court records list 269 cases involving the company, including 268 filed by the company and 1 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressV/40 National Highway Pudukad, Thrissur, Kerala, India – 680301
- IndustryFinancial Services, Microfinance Institutions
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Susaktha Chits Private Limited
The main business activity of Susaktha Chits is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Susaktha Chits Private Limited FY 2025 filings available
Susaktha Chits Private Limited reported revenue of ₹2.08 Lakh (down 74% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Susaktha Chits Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 74% fall in the latest year. EBITDA rose 7% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Susaktha Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹4.77 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.84 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Susaktha Chits Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -229% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -232.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Susaktha Chits are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Susaktha Chits Private Limited
Susaktha Chits Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Micro Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Thiru-Kochi Nidhi Limited | ₹2.23 Lakh (FY 2025) | •••• | •••• | 98.0% | •••• | Aluva, Kerala, India |
| Gahlot India Nidhi Limited | ₹2.21 Lakh (FY 2020) | •••• | •••• | •••• | Delhi, India | |
| Hari Kripa Dhanlaxmi Nidhi Limited | ₹2.19 Lakh (FY 2021) | •••• | •••• | •••• | Kanpur, Uttar Pradesh, India | |
| Lokanatha Kuries (Thrissur) Private Limited | ₹2.14 Lakh (FY 2019) | •••• | •••• | 345.0% | •••• | Thrissur, Kerala, India |
| Ketaki Finance Limited | ₹2.1 Lakh (FY 2025) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| Susaktha Chits Private Limited this company | ₹2.08 Lakh (FY 2025) | •••• | •••• | -74.0% | •••• | Thrissur, Kerala, India |
| Samshreya Microfinance Private Limited | ₹2.07 Lakh (FY 2022) | •••• | •••• | •••• | Mirzapur, Uttar Pradesh, India | |
| Navaglory Chits Limited | ₹2.06 Lakh (FY 2025) | •••• | •••• | •••• | Thrissur, Kerala, India | |
| Shinta India Nidhi Limited | ₹2.05 Lakh (FY 2022) | •••• | •••• | -73.0% | •••• | Sulthan Bathery, Kerala, India |
| Janmabhoomi Chits Limited | ₹1.98 Lakh (FY 2025) | •••• | •••• | -40.0% | •••• | Thrissur, Kerala, India |
| Rutujaraje Urban Multiple Nidhi Limited | ₹1.98 Lakh (FY 2020) | •••• | •••• | 1720.0% | •••• | Osmanabad, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Susaktha Chits by revenue in the BFSI industry (Micro Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Susaktha Chits Private Limited
Susaktha Chits Private Limited is audited by UDAYA RAJ RAO & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| UDAYA RAJ RAO & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Susaktha Chits Private Limited
Susaktha Chits has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mattathil Velayudhan Satheesan Also directs: Guruvijaya Kuri Company Limited | Managing Director | 30 Aug 1996 | 30 Years 1 Months | Current |
| Kuruthicode Pangelan Radhakrishnan | Director | 27 Sep 2016 | 10 Years 0 Months | Current |
| Chakkungathodiyil Anand Akash | Director | 27 Oct 2020 | 5 Years 11 Months | Current |
| Sarath Kannoly Sankunni | Director | 30 Sep 2011 | 15 Years 0 Months | Current |
| Kacharakkal Rappai Roby | Director | 20 Aug 1997 | 29 Years 1 Months | Current |
Ownership and Shareholding of Susaktha Chits Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Susaktha Chits Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2002 | The South Indian Bank Ltd | ₹75,000 | Open |
| 11 Nov 1991 | The South Indian Bank Ltd | ₹1 Lakh | Open |
Total charge records: 2 View all charges
Legal Cases of Susaktha Chits Private Limited
Susaktha Chits Private Limited has 269 court cases on record: 268 filed by Susaktha Chits, 1 filed against it. 4 cases are pending and 265 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 268 | 0 | 4 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 269)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed against the company by Mani Square Limited | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Pending |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Execution petition | Filed by the company against an individual | Disposed |
| District court, Thrissur, Kerala | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 269 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Susaktha Chits Private Limited
Employment history and EPFO contributions of people linked to Susaktha Chits.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Susaktha Chits Private Limited
Susaktha Chits Private Limited has 11 board changes on record since 1996: 5 appointments and 6 cessations. The latest: Chakkungathodiyil Anand Akash ceased to be Additional Director on 28 Sep 2021.
4 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Susaktha Chits Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Susaktha Chits Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Susaktha Chits Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Susaktha Chits Private Limited
Susaktha Chits has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCS2645F1ZP | Kerala | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Susaktha Chits Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Susaktha Chits Private Limited
Susaktha Chits is an active private limited company based in Thrissur, Kerala, India. The company works in microfinance institutions, within the financial services industry. It was incorporated on 07 July 1981 (45+ years old) and is registered under CIN U65992KL1981PTC003362.
Susaktha Chits reported revenue of ₹2.08 Lakh for FY 2025 (down 74% YoY).
Susaktha Chits has 5 current directors:
- Mattathil Velayudhan Satheesan - Managing Director
- Kuruthicode Pangelan Radhakrishnan - Director
- Chakkungathodiyil Anand Akash - Director
- Sarath Kannoly Sankunni - Director
- Kacharakkal Rappai Roby - Director
Susaktha Chits reported a net loss of ₹4.84 Lakh (net margin -232.6%) and EBITDA of -₹4.77 Lakh (EBITDA margin -229%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Susaktha Chits is -48% over three years and -36% over five years. In the latest year (FY 2025) revenue fell 74%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Susaktha Chits is 32AADCS2645F1ZP, registered in Kerala.
The CIN (Corporate Identification Number) of Susaktha Chits is U65992KL1981PTC003362. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Susaktha Chits has 269 court cases on record: 268 filed by the company and 1 filed against it. 4 are pending. Most are in the district courts.
Susaktha Chits was incorporated on 07 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Susaktha Chits by revenue are Thiru-Kochi Nidhi Limited, Gahlot India Nidhi Limited, Hari Kripa Dhanlaxmi Nidhi Limited, Lokanatha Kuries (Thrissur) Private Limited, Ketaki Finance Limited and 5 more, all in the BFSI industry (Micro Finance).
Chakkungathodiyil Anand Akash ceased to be Additional Director on 28 Sep 2021. Chakkungathodiyil Anand Akash was appointed as Director on 27 Oct 2020. Kundani Narayanan Satheerthian ceased to be Director on 27 Oct 2020. Susaktha Chits has 11 board changes on record in total.